FX:AUDCAD   Australian Dollar/Canadian Dollar
Hey boys and gals!

I am still practicing my Elliot Wave count, so please bear with me or point me into the right direction if I get it wrong.

However, as far as I understand it the correction pattern A-B-C is complete and we transitioned into a new cycle of 1-2-3-4-5. I got to be honest and say that I traded the C of the last correction and banked the FIRST real profits using the EW approach. That gave me confidence and I am trying to stay onboard and not become complacent.

So currently I am sitting on a long trade since I though wave 2 could be complete and as it stands the wave 3 has started. As wave 1 wasn't extended, either wave 3 or 5 will be an extension - so I won't be talking about a potential take profit level at this stage.

It is quite exciting to be perfectly honest! Please feel free to comment, especially the ones who are more experienced in the EW theory.

Thanks
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out